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BILLION DOLLAR ADVICE

Think like startups, clean like Marie Kondo: Indian billionaire’s tips to survive economic slump

REUTERS/Shannon Stapleton
Mark his words.
  • Niharika Sharma
By Niharika Sharma

Aviation and social media reporter

The Covid-19 outbreak has pushed Indian companies into a deep crisis. From surviving in a crippling economy to dealing with layoffs and paycuts, most industries in India are going through hell right now.

Anand Mahindra, one of the country’s leading industrialists, believes companies can survive the “Corona-induced coma” by thinking and acting like startups. The chairman of the $20.7 billion Mahindra Group, yesterday (June 8), took to Twitter to share some tips that the leadership at his organisation will use as India reopens after over two months of a lockdown.

Among other things, Mahindra laid out a step-wise plan to how companies can behave like startups:

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